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According to the public record, 2, Mellor Close, Otley is a modern leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Mellor Close, Otley is £225,781 and the estimated rental value is £852 per month.
Mellor Close, Otley, LS21 is located in the borough of Leeds within the LS21 postal district.
2, Mellor Close, Otley has 2 entries in the Land Registry , most recently in May 2021 and a single entry in the EPC database dated May 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Mellor Close, Otley is in very good condition we estimate a sale value of £237,070 and a rental value of £895 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £209,977 and a rental value of £793 per month.
Over the last 12 months the sale value of 2 Mellor Close Otley has decreased by an estimated £149 (0.1%) and its rental value has increased by an estimated £34 per month (4.0%), giving an expected gross yield of 4.5%.
2, Mellor Close, Otley has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 May 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Mellor Close, Otley was last sold on 27th May 2021 for £179,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2021, the market for similar properties has risen 8.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Mellor Close, Otley within a radius of 690 metres over the last 2 years.
The most recent example is Flat 4, Wharfedale Hall 1, Wharfedale Drive, Otley, LS21 2FD, a leasehold flat which sold for £177,500 on the 15th March 2021.
Read more about house prices in LS21.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mellor Close, Otley, LS21 has a total of 27 addresses. According to our analysis of all the public data, 2, Mellor Close, Otley is the 26th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £121k less expensive than the average property in LS21.
The closest station to 2, Mellor Close, Otley is Menston station which is 3.4 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Mellor Close, Otley, 57.2% of property is privately owned outright and 30.6% is privately owned with a mortgage.
The graph below shows how this compares to Yorkshire and The Humber and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Mellor Close, Otley, 19.1% of residents are recorded as possessing school level qualifications and 43.5% as possessing degree level qualifications.
The graph below shows how this compares to Yorkshire and The Humber and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Mellor Close, Otley, the average age was 43.6 and the most common age was 52.
The graph below shows how this compares to Yorkshire and The Humber and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Mellor Close, Otley, 2.3% of property was a second home.
Comparison figures for Yorkshire and The Humber and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Mellor Close, Otley, there are an average of 1.5 cars per household.
See below for how this compares to Yorkshire and The Humber and the rest of England & Wales.
